Will Blackstone sell all its Mphasis shares?

Blackstone's promoter may sell up to 18 million equity shares of Mphasis, not necessarily their entire holding.

When did Blackstone acquire Mphasis?

Blackstone announced its acquisition of a majority stake in Mphasis in 2021.

What is BCP Topco IX Pte. Ltd.?

BCP Topco IX Pte. Ltd. is the promoter of Mphasis and is part of the Blackstone Group.

Home / Business and Economy / Blackstone Eyes Mphasis Stake Sale

Blackstone Eyes Mphasis Stake Sale

18 Nov

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Summary

Promoter BCP Topco plans to sell up to 18 million equity shares.
Sales will occur via open market transactions, subject to market conditions.
Blackstone acquired a majority stake in Mphasis in 2021.

Mphasis has announced that its promoter, BCP Topco IX Pte. Ltd., affiliated with the Blackstone Group, might divest up to 18 million equity shares. These sales are anticipated to take place through open market transactions, contingent upon favorable market conditions.

The company explicitly stated its non-involvement in any reports concerning a substantial block deal by Blackstone. Mphasis has contacted its promoter for further information regarding the potential stake sale.

Blackstone initially secured a majority stake in Mphasis in 2021 through definitive agreements. This acquisition involved co-investment from entities including a subsidiary of the Abu Dhabi Investment Authority.

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